5 Best Financial Stocks that Pay Dividends

3. Artisan Partners Asset Management Inc. (NYSE: APAM)

Number of Hedge Fund Holders: 21
Dividend Yield: 6.97%

Artisan Partners Asset Management Inc. (NYSE: APAM) is a capital market company based in Wisconsin. The company offers a range of investment management services to mutual funds and pooled investment vehicles among others and ranks 3rd on our list of the best financial stocks that pay dividends.

Keefe Bruyette’s Robert Lee holds an Outperform rating on Artisan Partners Asset Management Inc. (NYSE: APAM) shares alongside a $59 price target versus the previous $55 price target.

In the first quarter of 2021, Artisan Partners Asset Management Inc. (NYSE: APAM) had an EPS of $1.13, beating estimates by $0.02. The company’s revenue was $290.68 million, up 43.31% year over year and beating estimates by $4.18 million. Artisan Partners Asset Management Inc. (NYSE: APAM) has also gained 41.96% in the past year.

By the end of the first quarter of 2021, 21 hedge funds out of the 866 tracked by Insider Monkey held stakes in Artisan Partners Asset Management Inc. (NYSE: APAM) worth roughly $279 million. This is compared to 21 hedge funds in the previous quarter with a total stake value of approximately $317 million.